We have been under great speculation when the US FEDERAL system declared $600 billion dollars buyout of bonds spread over a series of months. We speculated and the end result of the speculation was this that the World indices across the nation propel
The Institute of Chartered Accountants of India (ICAI) said auditors need to be more vigilant in detecting financial irregularities.”Auditors need to be more agile and more vigilant in detecting financial irregularities. A simple disclaimer or a gene
There are many complicated issues with the Arbitration and Conciliation Act, 1996 and I feel that we require certain reforms. I strongly feel that no one should be forced to submit himself to the Arbitration Mechanism unless he consents for the appointment of an Arbitrator when the disputes arises irrespective of the terms dealing with the rights of the parties to appoint an Arbitrator.
Plan your Home Loan Payment Schedule to take maximum tax benefit. Partial or full prepayment makes sense, but only in some cases. When Jabalpur resident Mahavir Ojha received Rs 80 lakhs from selling an ancestral property, he decided to part-pay his
The ultimate objective of all production is consumption for the satisfaction of varied needs of man. A free market economy provides freedom to the consumers to buy and consume goods of their choice. Buying preferences of the consumers send signals to
Faced with stiff competition from the multinational accounting and auditing firms, mainly the Big Four, the Institute of Chartered Accountants of India (ICAI) is planning to organise the Indian auditing and accounting sector. The apex accounting regu
The taxpayer company, engaged in the business of leasing of equipments, purchased shares of WSIL on 4 April 1996 for a sum of INR 79.27 million which were sold on 30 December 1999 for INR 7 8.87 million. After applying the cost inflation index, the cost of the shares, for the purpose of computation of capital gain, worked out to INR 101.1 million which resulted in capital loss of INR 22.22 million.
The Asian equity market have started back it mad bull run from the past 2 months starting from September 2010.Pockets have filled up with soaring profits from lower level buyouts. The phase of the bull have so high that every one If we rewind back to the phase of 2008 when recession clouds were hanging over the world market, no body dreamt of that within 2 years time frame the Dow Jones , Nikke, Hangseng, Nifty all will rose up and scale back to 2008 January levels.
Ministry of Corporate Affairs, Government of India (MCA) has announced revision in the schedule for payment of additional filing fees while filing any documents beyond the due date specified under the Companies Act, 1956 (the Act). The revision would
Government of India has amended the Companies Regulations, 1956 vide the Companies (Amendment) Regulations, 2010 with effect from 29 October 2010 and has changed the jurisdiction of Regional Director (RD) by increasing the number of RDs from 4 (four)
